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Allbirds Brass Sank Shoemaker With Product Pivot, Suit Says

By Henrik Nilsson ( August 24, 2023, 11:44 PM EDT) -- An investor in sustainable shoe retailer Allbirds Inc. hit executives and directors with a derivative stockholder suit on Thursday, saying company leadership misled investors by not announcing it was shifting focus away from core products, causing the stock price to plunge and exposing the company to costly litigation....

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